Modulate
PrivateLast Round
Early Funding
Sep 28, 2026
Total Funding Raised
$36M
Momentum
Top 1%
of companies Caplight tracks
Company Overview
Modulate is a software company that develops voice intelligence and moderation platforms, including ToxMod, which utilize machine learning to analyze conversational audio for fraud detection, safety, and sentiment analysis.
Sector
AI, Data & Cloud Infrastructure
Verticals
NLP & Conversational AI, Gaming, Application Security, Compliance & Risk
Business Model
B2B
Customer Profile
Usage-Based SaaS, Subscription SaaS
AI Layer
Infrastructure
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Modulate Comparables
Compare Modulate with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| GGWP | 79% | |
| Alice | 79% | |
| Unity Software Inc. | 76% |
Modulate Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Early Funding | Sep 28, 2026 | ||||
| Series A | Aug 16, 2022 | ||||
| Seed | Mar 11, 2020 | ||||
| Seed | Feb 27, 2019 |
Key People
Founding team and executive leadership
Modulate Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Sierra Ventures | Seed |
| Future Ventures | Early Funding |
| Galaxy Interactive | Series A |
| Hyperplane | Series A |
| Lakestar | Early Funding, Series A |
| EVERBLUE ESPORTS VENTURES | Series A |
| Hyperplane Venture Capital | Series A, Seed, Early Funding |
Market signals
Structured signals derived from secondary market and firmographic data.
- Sep 28, 2026
$25M raised, led by Future Ventures.
- Aug 21, 2026
Monthly visitors increased 49% MoM.
Recent news
Latest coverage and updates
- has_valuationSep 30, 2026
Modulate had valuation of $170M on Sep 28th '26.
- is_developingSep 29, 2026
Modulate is developing intelligence layer for voice AI on Sep 29th '26.
- increases_headcount_bySep 28, 2026
Modulate will increase headcount by 10 on Oct 1st '26.
- receives_financingSep 28, 2026
Modulate receives $25M in new funding in Massachusetts on Sep 28th '26
- integrates_withAug 4, 2026
Modulate integrated with Scam on Aug 4th '26.
Modulate Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
Request accessFrequently Asked Questions
Common questions about Modulate's valuation, stock price, and market status.
Is Modulate a public or private company?
Modulate is a private company.
What is the current stock price of Modulate?
Modulate is a private company, so its shares have no public market price. Caplight tracks Modulate's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Modulate worth (valuation)?
Valuation information for Modulate is not publicly available.
Can I buy Modulate stock?
Modulate shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Modulate's last funding round?
Modulate's most recent funding round was Early Funding on September 28, 2026.
Who are the main investors in Modulate?
Key investors in Modulate include Future Ventures, Lakestar, Hyperplane Venture Capital.
Will Modulate IPO soon?
No public IPO plans have been announced for Modulate.
How can I track Modulate secondary market activity?
Caplight tracks bids, offers, and trades in Modulate's shares on secondary markets.